Aron Levitz named co-president of Wattpad as #CDNtech executive turnover continues through the fall
Geordie Rose leaves CEO role at Sanctuary AI, becoming the second co-founder to depart this year.
FinTech
WonderFi CEO Dean Skurka kidnapped, released after reportedly paying $1-million ransom
WonderFi says it is providing “full cooperation to the Toronto Police Service on this active investigation.”
Neo Financial snags top spot on Deloitte’s 2024 Technology Fast 50
This year’s winners achieved an average three-year revenue growth of 3,559 percent.
Manzil acquires Aghaz to expand Halal financial solutions to the United States
Deal includes Aghaz’s platform and status as a Registered Investment Advisor with the SEC.
Father-son Schwartz duo team up with FinTech founders to launch Exit North Ventures
Leaders of Canadian Fintech, CLA, Financeit, LendCare, others look to back FinTech startups with $20-million fund.
Procurify launches new accounts payable product following growth capital from CIBC
Procurement startup secured $68 million CAD Series C round in 2023.
Balance becomes Canada’s second qualified digital asset custodian
As a “proper local alternative,” Balance aims to bring crypto assets stored in US back home.
Founders of Propel Holdings, Plusgrade, and Redbrick among 2024 EY Entrepreneur of the Year regional winners
Regional winners will compete for national title to represent Canada globally in Monaco.
While US moves forward on open banking, Canadian FinTechs met with more “zombie” discourse
Float CEO argues Canada’s reluctance to implement open banking is hurting SMBs.
Shopify combines its financial solutions into one dashboard
Canadian merchants can currently use two of Shopify’s five Finance offerings.
Parachute closes $1.5 million to help struggling Canadians improve their financial health
Decades after filing for bankruptcy, Bruce Hodges aims to give Canadians another option.
Plooto appoints John McLane as new CEO
Toronto FinTech scaleup has reshaped its team with recent hires and restructured workforce.
Thomson Reuters acquires American portfolio company Materia AI
Materia emerged from stealth earlier this year with Thomson Reuters’ backing.
Family office software MyFO secures $3.5 million USD seed round led by Rhino Ventures
Capital will be used to scale operations, improve product offerings, and expand its team.
Inside FreshBooks’ struggle to reach profitability
FreshBooks is on a multi-year rollercoaster ride of executive turnover, staff reductions, and office shutdowns.